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1090116 interim trade agreement Phase 1 (Phase 1 pact does little to…
1090116
interim trade agreement
Phase 1
基本條件
支方purchases of U.S. goods
$40 billion a year in farm products
不切實際?因為
never imported more than $26 billion a year in U.S. agricultural products
China has not confirmed the 40 billion figure
承諾
protection for intellectual property
to stop requiring U.S. companies to share their technology as a cost of doing business in China
boost its purchases over the next two years by $200 billion over 2017 levels
32 billion in agricultural purchases
78 billion in manufactured goods
52 billion in energy products
38 billion in services
stop buying from other countries and shift purchases to the U.S.?
美方ease sanctions on China
halved to 7.5%, existing tariffs on $112 billion
from 15%
dropped plans to impose tariffs on an additional $160 billion
popular consumer items
cellphones and laptops
Phase 1 pact does little to force China to make the major economic reforms (structural changes)
reducing unfair subsidies
cutting-edge fields
driver-less cars
robotics and
artificial intelligence
stoping predatory tactics to supplant America’s technological supremacy
protecting intellectual property
curbing the practice of forcing foreign companies to hand over sensitive technology
refraining from manipulating RMB lower to benefit Chinese exporters
In advance of the Phase 1 signing
dropping its designation of China as a currency manipulator
sticking point
ules around data flows
China requires foreign companies to keep data in China as opposed to stored overseas
美方不變
tariffs on Chinese imports (250 billion)
average U.S. tariff has risen from 3% in January 2018 to 21%
maintaining tariffs to retains leverage to forceChina to abide by its commitments
components to assemble finished products
chemicals
electrical components and
other inputs
American firms have cut back on investment in machinery and other equipment, slowing the economy’s growth
學者估計
Phase 1
leave two-thirds of Chinese imports covered by Trump’s tariffs
Beijing’s retaliatory tariffs affect more than half of American exports to China
Derek Scissors
Without tariffs, China will cheat
the leter of the law
法律的準確字面意義